Robinsons Retail is leaving the stock market as delisting nears after ₱11.25B tender offer

JE Holdings secures a 99.59% stake in Robinsons Retail, putting the Gokongwei-led company on track for its planned July 28 delisting from the Philippine Stock Exchange.

One of the Philippines’ biggest retail companies is preparing to leave the stock market after its controlling shareholder secured enough shares to push through with its planned delisting.

Robinsons Retail Holdings Inc. said JE Holdings Inc. received 229.58 million shares through its ₱11.25 billion tender offer, more than enough to clear the 95% ownership requirement for voluntary delisting. The transaction gives JE Holdings a 99.59% stake in the Gokongwei-led retailer, putting RRHI on track to exit the Philippine Stock Exchange by July 28.

The move means public investors will no longer be able to buy or sell RRHI shares once the delisting is completed, ending the company’s years as one of the country’s major listed retailers. The tender offer was priced at ₱48.30 per share, above RRHI’s last traded price of ₱44.50.

The shares are expected to be transferred through the PSE on July 13, with settlement scheduled for July 15, after the Philippine Competition Commission confirmed the transaction does not require compulsory notification. Company executives said RRHI will continue pursuing long-term growth even as it begins life as a private company.

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